Short term correction on ETHBTC market

POLONIEX:ETHBTC   Ethereum / Bitcoin
We are expecting a quick correction to the last bullish trend . The middle term trend is still bullish .
Caution is really recommended at the moment. The price must get back into the channel to confirm this movement and it would be invalidated if the ETHBTC price goes above the ( iii ) wave on 0.0341500

write us for any advice in depth and trading strategies.
Trade active: Well price got into the channel we have seen a pullback to the top but we might still see another top channel testing resistance. That would be the 4th wave of c. Right now we are still on 3rd wave of c.
Trade closed: target reached: Close short position, and taking smal long position. Divergence in yellow mark the end of the c wave of the correction, and should be ended. If correction is not ended and it becomes in a complex correction will be seen depending on the internal stucture of the bull wave coming now.
The for sharing
spot on !
this is happening :)
bitwavetraders nasirkhalid007
patience and caution, Stoploss at the moment is higher than (iii) 0.03415. If you open up a short position make it small, do not use leverage once it is inside de channel it'd be more secure to increase your position.
nasirkhalid007 bitwavetraders
No leverage
sold some at 0.03270
looking for a position to buy back in . Is not a good time to buy back in? Price seems to have halted here?
bitwavetraders nasirkhalid007
This may take some days to develop the end of the correction. We expect to see a 5 sub wave movements that will form the last part of the correction. Target buy zone 0.02832
I'll try to keep updated the subwaves, but I won't recomendo to operate that too small term trades.
nasirkhalid007 bitwavetraders
Waiting for sub 0.02900
but if this reverses alert me so i can buy again
i will patiently wait
bitwavetraders nasirkhalid007
You must keep the eye in your account and make yourself responsible of it mate! If someone is responsible of trading your account will charge a comission for sure ;)
For now is beautiful how is being developed, I would prefer to see that the 1D candle closes inside the channel. If price gets out of the channel is not a good signal.
nasirkhalid007 bitwavetraders
LOL but you post charts for free right? :P ;)
bitwavetraders nasirkhalid007
We have paid reports for traders and miners, depend on what you look for market, risk, trading or product liquidation for miners we can make it. We are going to be publishing eventually interesting trading operations. And we manage accounts too. For any information write us on private.
thanks for this chart !
looks superb :)
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